STOCKS on Bursa Malaysia rebounded to end slightly higher yesterday amid the weaker sentiment on most Asian stocks, dealers said.
The benchmark FTSE Bursa Malaysia
KLCI (FBM KLCI) earned 3.02 points to 1,874.6 after hovering between 1,870.1 and 1,876.22 throughout the day.
A dealer said regional investors have trimmed risk holdings amid concerns over the Iraq situation and rising crude oil prices, while weaker export data in Singapore has hit its shares to a nearly three-week low.
He said Singapore’s May exports unexpectedly fell on weak shipments of electronics and pharmaceuticals.
The Industrial Index gained 18.74 points to 3,215.03, the Finance Index improved 33.36 points to 17,178.5, but the Plantation Index fell 27.87 points to 9,160.38.
The FBM Emas Index was 20.76 points higher at 12,971.26, the FBMT100 Index advanced 20.39 points to 12,606.45, the FBM 70 Index increased 23.19 points to 14,069.39 and the FBM ACE Index rose 42.21 points to 6,697.1.
Advancers led decliners 468 to 353, 317 counters unchanged, 491 untraded and 16 others suspended.
Total volume increased to 1.63 billion shares worth RM1.82 billion from the 1.36 billion shares valued at RM1.41 billion transacted on Monday.
Meanwhile, FBM KLCI futures contracts on Bursa Malaysia Derivatives ended lower despite the firmer cash market.
Spot month June 2014 shed half-a-point to 1,873.5, December 2015 declined 1.5 points to 1,871, July 2014 earned half-a-point to 1,876.5, while September 2014 was flat at 1,871.5.
Turnover rose to 4,097 lots from 2,420 lots on Monday, while open interest widened to 35,47 contracts from 3,257 contracts before. Bernama